Former Tulip factory set to be auctioned off for around £500,000

A former Frampton factory which employed 450 people is set to be sold off at auction next week.
The former Tulip factoryThe former Tulip factory
The former Tulip factory

The former Tulip Factory is to be sold at auction on Thursday (July 9) by property investment company Acuitus with a guide price of £475,000 - £500,000.

The firm say the building and surrounding footprint has potential for residential development, subject to planning permission.

The UK’s largest meat firm’s factory on West End Road was once utilised for supplying Marks & Spencer, however, closed last year as their contract with the retailer expired.

The site comprises approximately 1.8 acres of space, with a 40,000 sq ft industrial building and car park.

Peter Mayo of Acuitus said: “The Tulip Factory building is an encompassing site positioned within a largely residential area.

“Subject to consents, it has the potential to be redeveloped into new homes under a new buyer.”

The property is described as a broadly level and rectangular site on which there is currently an industrial building and a car park.

The former food production factory is arranged over two levels of a steel portal framed building and comprises a gross internal floor area of approximately 3,716 sq m (40,000 sq ft), according to the description online, which goes on to say that the property is located in Frampton, a predominantly residential area three miles south-west of Boston town centre and less than a mile north-west of the A16.

The vendors have obtained a quote for the complete demolition of the existing building, clearing the concrete forecourts and foundations, details of which are available within the legal pack.

The auction will take place on July 9th at 2pm and will be broadcast via livestream on the Acuitus website and is open to remote bidding.